Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report

The department under the finance ministry did not conduct assessment of the capital requirement as per its own standard practice before recapitalisation, as per the Compliance Audit Report No. 1 of 2023 of the Comptroller and Auditor General of India on Union Government (Economic and Service Ministries - Civil) for the year ended March 2021.

from Banking/Finance-Industry-Economic Times https://ift.tt/6Iq0xwR